The Before The Bell Calls w/ TraderBrad
- Thread starter traderbrad
- Start date
Look at his posts for this week. He picked the day's high and bottom and and cheaper too!!! For the week, he only lost twice; one for .25 and one for .75
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Trade for 04/23/2004 Friday
Night session: Trading range 1142-1137, short high, buy low.
At Opening: Stop 1141, short selling ,target 1136, 1134.
After opening: Keep scalping short side for lower low each time by 1 tick.
Midday: Give a shot buying 1133.5-1134, target 1138-1140; because expected closing range 1138-1140.
[Result: Globex high 1142.25, low 1138, Day low 11133.5, day high 1140.50. closed 1139]
Trade for 04/22/2004 Thursday
Night session: Support 1117, 1119, 1121, buying bias, target 1127, 1133...
At Opening: 1124- 1118 trading range; try to short high and buy low; overall we favor buy side for possible 1133 target.
After opening: 1123.50 violation; then 1123.50 stop, buying bias, target 1133... and 1144.
[Result: Globex high 1125.50, low 1118, Day low 1118.50, day high 1142. closed 1137]
Trade for 04/21/2004 Wednesday
Night session: Stop 1121, selling bias.
After the Opening: Stop 1118.75 stop, short 1118, target 1114-1115; then bounce to 1121, short again (stopped out 0.75); followed by another short from 1121-1122, took profit 1115. Expected closing 1120-1121.
Then followed by stop 1119, buying for target 1124.
Midday: scalping between 1119-1124; expected closing 1120-1121. Closing above 1122 = bullish.
[Result: Globex high 1129.50, low 1115.50, Day low 1114.50, day high 1124.75. closed 1122.50]
Trade for 04/20/2004 Tuesday
Night session: Stop 1130, still buying bias, target 1134, 1137
Pre opening: Stop 1134, buying near 1135, target 1138.5 again, then 1141...
After the Opening: Profit taking 1138.5; short scalping 1137.5 is ok.
Midday: After 1134-1133 violation, reversed to selling bias, target 1121; 1121, 1115, 1113.
[Result: Globex high 1138, low 1132.25, Day low 1113, day high 1138.75. closed 1116.50]
Trade for 04/19/2004 Monday
Night session: Stop 1130, buying bias, target 1135-36.
Pre opening: Try short scalping.
After the Opening: scalping range 1133-1128. (Stopped out once 0.25 loss)
Midday: Support 1129.50, buying bias.
[Result: Globex high 1134, low 1130.25, Day low 1128.25, day high 1135.50. closed 1133.25]
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Well TB.. You are not the best after all in ....
It sure is VERY profitable to be a hindsight trader!!!
:
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Trade for 04/23/2004 Friday
Night session: Trading range 1142-1137, short high, buy low.
At Opening: Stop 1141, short selling ,target 1136, 1134.
After opening: Keep scalping short side for lower low each time by 1 tick.
Midday: Give a shot buying 1133.5-1134, target 1138-1140; because expected closing range 1138-1140.
[Result: Globex high 1142.25, low 1138, Day low 11133.5, day high 1140.50. closed 1139]
Trade for 04/22/2004 Thursday
Night session: Support 1117, 1119, 1121, buying bias, target 1127, 1133...
At Opening: 1124- 1118 trading range; try to short high and buy low; overall we favor buy side for possible 1133 target.
After opening: 1123.50 violation; then 1123.50 stop, buying bias, target 1133... and 1144.
[Result: Globex high 1125.50, low 1118, Day low 1118.50, day high 1142. closed 1137]
Trade for 04/21/2004 Wednesday
Night session: Stop 1121, selling bias.
After the Opening: Stop 1118.75 stop, short 1118, target 1114-1115; then bounce to 1121, short again (stopped out 0.75); followed by another short from 1121-1122, took profit 1115. Expected closing 1120-1121.
Then followed by stop 1119, buying for target 1124.
Midday: scalping between 1119-1124; expected closing 1120-1121. Closing above 1122 = bullish.
[Result: Globex high 1129.50, low 1115.50, Day low 1114.50, day high 1124.75. closed 1122.50]
Trade for 04/20/2004 Tuesday
Night session: Stop 1130, still buying bias, target 1134, 1137
Pre opening: Stop 1134, buying near 1135, target 1138.5 again, then 1141...
After the Opening: Profit taking 1138.5; short scalping 1137.5 is ok.
Midday: After 1134-1133 violation, reversed to selling bias, target 1121; 1121, 1115, 1113.
[Result: Globex high 1138, low 1132.25, Day low 1113, day high 1138.75. closed 1116.50]
Trade for 04/19/2004 Monday
Night session: Stop 1130, buying bias, target 1135-36.
Pre opening: Try short scalping.
After the Opening: scalping range 1133-1128. (Stopped out once 0.25 loss)
Midday: Support 1129.50, buying bias.
[Result: Globex high 1134, low 1130.25, Day low 1128.25, day high 1135.50. closed 1133.25]
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Well TB.. You are not the best after all in ....
It sure is VERY profitable to be a hindsight trader!!!
:You must understand that B-Money (the only name I am allowed to call him by) does not use simple formulas like ranges, support and resistance, and the like. Those things are for the average trader, and my mentor/Father-figure is far from average.
As I said in a previous post, B-Money is a deeply spiritual man, in trading as well as the rest of his life. It is this enlightenment which allows him to make such highly accurate calls. You could say he is one with the market, they are inextricably intertwined. At my request, he threw in those two losing trades this week, just so that he would appear more fallible and relatable to the average trader.
I am no longer ashamed to show my deep respect and admiration for this icon of trading methodology. Had he not taken a solemn vow of poverty, it would be no trouble at all for him to take away thousands of dollars each day from the pockets of lesser beings. I am just grateful that I have been given the privilege of watching this man in action, and witnessing the selflessness with which he gives of himself to others. I think all of us could learn many things from B-Money (aka: TraderBrad).
As I said in a previous post, B-Money is a deeply spiritual man, in trading as well as the rest of his life. It is this enlightenment which allows him to make such highly accurate calls. You could say he is one with the market, they are inextricably intertwined. At my request, he threw in those two losing trades this week, just so that he would appear more fallible and relatable to the average trader.
I am no longer ashamed to show my deep respect and admiration for this icon of trading methodology. Had he not taken a solemn vow of poverty, it would be no trouble at all for him to take away thousands of dollars each day from the pockets of lesser beings. I am just grateful that I have been given the privilege of watching this man in action, and witnessing the selflessness with which he gives of himself to others. I think all of us could learn many things from B-Money (aka: TraderBrad).
Completely understandable.
When Everest stood at exactly 29,000 feet several years ago (it's still rising), it was common practice among geologists to print its height slightly more because they feared such a round number would be interpreted as either a misprint, or worse, a guess. Sometimes there is a downside to being perfect.
:eek:Okay, I think it's time to throw in the towel. I've had my share of fun, and probably more than my share, with these threads about our friend TraderBrad. Those of us who did not believe his claims challenged them, and it seems that we have prevailed.
I did not do so because I think I have all the answers, or believe I'm "Superman" when it comes to trading the markets. I challenged TraderBrad because he made claims that he had the "Holy Grail", and as Monty Python also found, these claims are never true.
I gave this man a chance to prove himself, but he was unable to deliver on his promises. I requested a free trial of his service, but was denied, because he didn't like my email address. I watched his before the bell calls fail on every occasion. I watched his end-of-day movies, and asked myself (and him) this question: "If he's really that good, why is he wasting his time here on ET?"
The answer is simple, he is not that good, and is simply trying to sucker others into believing his lies, as he apparently has been doing for some time. If I were able to make real-time calls with such accuracy, the entry fee would be alot higher than five grand to get into my room. The reality is that trading is a difficult skill to master, one that takes a commitment to research, study, and discipline.
TraderBrad was warned by the members here at ET that he would have to back up his claims, or face some serious heat. He didn't, and he did. I think this dead horse has been beaten thoroughly, and am ready to move on. Anyone else?
I did not do so because I think I have all the answers, or believe I'm "Superman" when it comes to trading the markets. I challenged TraderBrad because he made claims that he had the "Holy Grail", and as Monty Python also found, these claims are never true.
I gave this man a chance to prove himself, but he was unable to deliver on his promises. I requested a free trial of his service, but was denied, because he didn't like my email address. I watched his before the bell calls fail on every occasion. I watched his end-of-day movies, and asked myself (and him) this question: "If he's really that good, why is he wasting his time here on ET?"
The answer is simple, he is not that good, and is simply trying to sucker others into believing his lies, as he apparently has been doing for some time. If I were able to make real-time calls with such accuracy, the entry fee would be alot higher than five grand to get into my room. The reality is that trading is a difficult skill to master, one that takes a commitment to research, study, and discipline.
TraderBrad was warned by the members here at ET that he would have to back up his claims, or face some serious heat. He didn't, and he did. I think this dead horse has been beaten thoroughly, and am ready to move on. Anyone else?
SAMSON77: After reading your thread about LBR (Linda Bradford Raschke) this morning, I HAVE to ask you a couple of questions:
First, after claiming you were doing quite well with LBR's techniques, why did you find it necessary to go after yet another trading system after drawing down your trading account trading bonds from $50k to $20k? Is this draw down a result of LBR's wonderful patterns or did you deviate?
And secondly, you were given advice in the LBR thread to ask for at least 4 references and be sure to have a guarantee your money would be returned if not satisfied. Why then did you go ahead and do something so foolish as to wire funds (no credit card) to someone who clearly stated "no refunds"?
A personal note to you: I hate to state this, but you stand no better than a 50-50 chance of being successful in court against Brad Caldwell and then you will probably still not be successful if he appeals the decision. All his "disclaimers" will give the judge ample excuse to side against you- caveat emptor" indeed applies here. FRAUD is your only constructive argument. Both civil and criminal. Being a former stock broker will also go against you just as it did against Martha Stewart. You need to be "creative" if you want to recover your funds. I like to refer to that segment of the law as legal extortion 101.
On a positive note, I want to commend you for bringing this individual to the attention of the entire internet (do a search for traderbrad.com and your "Is this worth $7,500" shows up so fast NO one will miss it). Few here will actually part with their money now. It will be much harder for this "snake oil" salesman to snare people because of your efforts- but not impossible, as I have learned here, some hope against all hope, that just maybe, this one is the "real deal". Geez!
First, after claiming you were doing quite well with LBR's techniques, why did you find it necessary to go after yet another trading system after drawing down your trading account trading bonds from $50k to $20k? Is this draw down a result of LBR's wonderful patterns or did you deviate?
And secondly, you were given advice in the LBR thread to ask for at least 4 references and be sure to have a guarantee your money would be returned if not satisfied. Why then did you go ahead and do something so foolish as to wire funds (no credit card) to someone who clearly stated "no refunds"?
A personal note to you: I hate to state this, but you stand no better than a 50-50 chance of being successful in court against Brad Caldwell and then you will probably still not be successful if he appeals the decision. All his "disclaimers" will give the judge ample excuse to side against you- caveat emptor" indeed applies here. FRAUD is your only constructive argument. Both civil and criminal. Being a former stock broker will also go against you just as it did against Martha Stewart. You need to be "creative" if you want to recover your funds. I like to refer to that segment of the law as legal extortion 101.
On a positive note, I want to commend you for bringing this individual to the attention of the entire internet (do a search for traderbrad.com and your "Is this worth $7,500" shows up so fast NO one will miss it). Few here will actually part with their money now. It will be much harder for this "snake oil" salesman to snare people because of your efforts- but not impossible, as I have learned here, some hope against all hope, that just maybe, this one is the "real deal". Geez!
Thanks for the advise Richard and let me answer your questions.
The LBR trades I personally found most profitable where mostly her swing position trades, 3-5 day holds.
I still trade them whenever they show up on the daily charts maybe 2 per month and they are usually good for $1500-$2000 per trade with a reasonable risk / reward ratio.
Decent but by no means retirement money.
I was looking for a far more aggressive style when I decided on traderBAD.
I have no excuse for the "guarantee" mistake this was nothing but pure stupidity on my part.
BUT
The fact remains that traderBAD only delivered 1/3 of what I paid for ... even by his own words he admits this (see his other posts).
I have EVERYTHING documented and this is just a small claims matter right now so I will present the facts and I will honor the judges decision.
What you are trying to say was that LBR had some good pattern that you couldn't pyramid the contracts up to whatever level you were comfortable with and make buckets of money? $1,500 to $2,000 wasn't sufficient to do that?
I've watched LBR trade more closely than you can imagine and quite frankly, after she got rid of whoever made her morning calls or visa versa, she has performed quite badly. She doesn't even post anything in advance on her site anymore- that's how bad!
In the room, she would make these "trade alert" trades that were strictly rookie calls (a flag formation, for instance) and then if she was successful (about half the time) she'd run like a little girl with 2 pts. Whenever she ran, the market would continue for a much better gain. Pros don't "run" with 2 pts. She traded with minimum 3 pt. stops-sometimes 5, also (which means she has no clue in addition to poor money management). I don't consider her a Market Wizard in the company of Rich Dennis, Ed Seykota, Bruce Kovner, etc. etc. I see no evidence she's made it like them. She's another "teacher" is all. $300 a month times a hundred students would make your TraderBrad drool! I'm sure that keeps her horses fed quite nicely.
My advice to you and you know what that's worth, is to stop playing the victim. Settle down to one strategy that's your own and forget about all these people, who if they were "for real" wouldn't give you the time of day- let alone disclose a shred of info you could actually use. When I lived in San Diego, I was looking at 12 custom houses being built on the ocean. The real estate guy happened to mention that one of the houses I was looking at, was already sold to this retired commodity trader from Chicago. I went up and rang the doorbell of this $4 million house and when I told him I heard he was a commodity trader, he slamed the door in my face before I could finish my sentence! We KNOW he was successful because I was told he paid cash for his house. See? What kind of mansion did you drive up to, to pick up your manual for $4k?
Even big commercial hedgers go thru a myriad of faints and ploys to hide their true positions from the floor even though few can play in their league because no hedger will last long if the best he can do is just hedge.
As far as Brad Caldwell not delivering what was promised: FRAUD, samson77, FRAUD. Show that he INTENDED to defraud you with misleading and FRAUDULENT claims. I hope you are taking screen shots of his daily "movie"(which you relied upon) and recording the audio for small claims court ( which I disagree with btw- you should sue him in a higher court for huge damages and triple punitive damages which would remove you from small claims- not too late to re-file in higher court, you know).
Good luck to you Samson77. I wish you the best.
I've watched LBR trade more closely than you can imagine and quite frankly, after she got rid of whoever made her morning calls or visa versa, she has performed quite badly. She doesn't even post anything in advance on her site anymore- that's how bad!
In the room, she would make these "trade alert" trades that were strictly rookie calls (a flag formation, for instance) and then if she was successful (about half the time) she'd run like a little girl with 2 pts. Whenever she ran, the market would continue for a much better gain. Pros don't "run" with 2 pts. She traded with minimum 3 pt. stops-sometimes 5, also (which means she has no clue in addition to poor money management). I don't consider her a Market Wizard in the company of Rich Dennis, Ed Seykota, Bruce Kovner, etc. etc. I see no evidence she's made it like them. She's another "teacher" is all. $300 a month times a hundred students would make your TraderBrad drool! I'm sure that keeps her horses fed quite nicely.
My advice to you and you know what that's worth, is to stop playing the victim. Settle down to one strategy that's your own and forget about all these people, who if they were "for real" wouldn't give you the time of day- let alone disclose a shred of info you could actually use. When I lived in San Diego, I was looking at 12 custom houses being built on the ocean. The real estate guy happened to mention that one of the houses I was looking at, was already sold to this retired commodity trader from Chicago. I went up and rang the doorbell of this $4 million house and when I told him I heard he was a commodity trader, he slamed the door in my face before I could finish my sentence! We KNOW he was successful because I was told he paid cash for his house. See? What kind of mansion did you drive up to, to pick up your manual for $4k?
Even big commercial hedgers go thru a myriad of faints and ploys to hide their true positions from the floor even though few can play in their league because no hedger will last long if the best he can do is just hedge.
As far as Brad Caldwell not delivering what was promised: FRAUD, samson77, FRAUD. Show that he INTENDED to defraud you with misleading and FRAUDULENT claims. I hope you are taking screen shots of his daily "movie"(which you relied upon) and recording the audio for small claims court ( which I disagree with btw- you should sue him in a higher court for huge damages and triple punitive damages which would remove you from small claims- not too late to re-file in higher court, you know).
Good luck to you Samson77. I wish you the best.